Pumps' Perplexities

When the New York Stock Exchange opened its
doors, last Monday, to start business of "trading",
the rest of the world had decided to take money
out......There was an immediate plunge in
prices of some $400 US dollars.....

On Wednesday the price value was initially
minus $300.....It regained the $300 and then
went plus $300 before the "closing bell" rang.....

For three days this week all the big financial
brains have blamed the instability on the American
"market".......It does have some problems, BUT...

On the fourth day, it appears that a
Frenchman has committed a bank fraud on the
second largest bank in France to the total of
7 BILLION US dollars......(I think 5.6 BILLION
euros).......

I believe that the "big inside banking guys"
knew of this fraud for some time and it was
not some poor "schlep" not being able to pay
his mortgage that cause all the stock market
problems.......Pumps